Bank Tejarat

Banking
Iran/UK

"The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court. Coming days after Iran and six major powers reached a framework agreement to end a long-running dispute over Iran's nuclear programme, the EU's move is a signal that the 28-nation bloc will keep up sanctions pressure on Iran until a final nuclear deal is sealed. The EU's second-highest court annulled an EU asset freeze on Bank Tejarat and 40 Iranian shipping companies in January, finding fault with the legal grounds given by the EU. The EU, as it has done in other cases, responded by re-listing Bank Tejarat and 32 of the Iranian shipping firms, including Hamburg-based Ocean Capital Administration GmbH, using new legal grounds. Eight firms were not put back on the list published in the EU's Official Journal on Wednesday." (Reuters, "EU re-imposes sanctions on Iranian bank, 32 shipping firms," 4/8/15)

--

Noted as conducting business with U.S banks while operating in Iran. (Avi Jorisch, "Iran's dirty banking," 2010)